Enterprise Risk Management

CSI WatchDOG® Elite SmartRisk IQ offers bankers a comprehensive enterprise risk management (ERM) solution that allows them to evaluate all the risk areas defined by regulators. Based on real-time snapshots of a bank’s risk profile enterprisewide, SmartRisk IQ delivers the tools and insights necessary for institutions to make confident decisions regarding effective risk strategies. The solution collects, stores, analyzes, scores and reports on comprehensive risk data from across the institution. Users also have access to CSI’s regulatory experts who help reduce time spent on managing compliance. And exclusively for CBAI members, access to the solution is delivered through CSI Secure Connect, a robust portal solution that is also endorsed and utilized by CBAI.

Through both technology and service, SmartRisk IQ helps banks reduce the cost of managing regulatory compliance, engage management, and inform the board about possible risks and opportunities. Additionally, to help institutions fulfill examiner expectations and best understand their current risk, SmartRisk IQ measures institutions against the eight key risk categories outlined by the OCC: compliance, credit, interest rate, liquidity, operational, price, reputation, and strategic.

Additional benefits of SmartRisk IQ include:

Quick and easy assessment with pre-loaded questionnaires and smart content

A subsidiary of Community Bankers Association of Illinois (CBAI), CBSC aggregates the “clout” of CBAI member banks to negotiate lower costs and provide improved access to essential bank products and services. CBSC recommends products and services that assist banks with income-production, expense reduction, consulting, marketing, compliance, equipment, insurance, lending, A/L management and payments. Before the CBSC board of directors awards any program an exclusive partnership, it is subjected to a rigorous due diligence review that includes extensive testing by members, occasionally by independent experts, and negotiation of special member-only benefits. This process typically takes up to six months.

Today, CBAI members use an average of more than five CBSC preferred providers. Last year, members collectively saved nearly $ 1.5 million in purchasing discounts from CBSC-recommended firms. Contact CBSC today and share in the savings.